Hain Celestial Group (NASDAQ:HAIN) Downgraded to Hold at BidaskClub

BidaskClub downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a buy rating to a hold rating in a report issued on Friday morning, BidAskClub reports.

HAIN has been the subject of several other research reports. Wolfe Research downgraded shares of Hain Celestial Group from an outperform rating to a peer perform rating in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of W. R. Grace & Co from a buy rating to a hold rating in a research note on Wednesday, May 1st. UBS Group set a $15.00 target price on shares of Hain Celestial Group and gave the company a sell rating in a research note on Monday, May 13th. Citigroup boosted their target price on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company a neutral rating in a research note on Monday, April 15th. Finally, Maxim Group set a $7.00 target price on shares of Net 1 UEPS Technologies and gave the company a buy rating in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Hain Celestial Group has an average rating of Hold and a consensus target price of $23.75.

NASDAQ:HAIN opened at $20.77 on Friday. The firm has a market cap of $2.16 billion, a P/E ratio of 29.25, a PEG ratio of 12.71 and a beta of 1.37. The company has a quick ratio of 1.22, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $30.42. The stock’s fifty day moving average price is $21.12.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The firm had revenue of $599.80 million during the quarter, compared to the consensus estimate of $597.75 million. During the same quarter in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts forecast that Hain Celestial Group will post 0.66 EPS for the current year.

In other Hain Celestial Group news, insider Engaged Capital Co-Invest Vi-D purchased 712,165 shares of the stock in a transaction on Monday, May 20th. The stock was bought at an average price of $23.27 per share, for a total transaction of $16,572,079.55. Following the acquisition, the insider now directly owns 21,577 shares of the company’s stock, valued at $502,096.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glenn W. Welling purchased 908,118 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $23.49 per share, with a total value of $21,331,691.82. Following the acquisition, the director now directly owns 21,577 shares in the company, valued at $506,843.73. The disclosure for this purchase can be found here. Insiders acquired a total of 6,871,608 shares of company stock valued at $161,995,807 in the last 90 days. 13.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System lifted its holdings in shares of Hain Celestial Group by 1.8% in the 4th quarter. California Public Employees Retirement System now owns 183,201 shares of the company’s stock worth $2,906,000 after acquiring an additional 3,311 shares during the last quarter. BlackRock Inc. grew its position in shares of Hain Celestial Group by 1.2% in the 4th quarter. BlackRock Inc. now owns 8,063,817 shares of the company’s stock worth $127,891,000 after buying an additional 92,065 shares during the last quarter. Raymond James & Associates grew its position in shares of Hain Celestial Group by 66.1% in the 4th quarter. Raymond James & Associates now owns 40,960 shares of the company’s stock worth $650,000 after buying an additional 16,293 shares during the last quarter. Northern Trust Corp grew its position in shares of Hain Celestial Group by 2.7% in the 4th quarter. Northern Trust Corp now owns 732,570 shares of the company’s stock worth $11,620,000 after buying an additional 19,572 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Hain Celestial Group by 5.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 54,005 shares of the company’s stock worth $795,000 after buying an additional 2,734 shares during the last quarter. Institutional investors own 96.43% of the company’s stock.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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